US-based data storage company Cohesity emerged out of stealth yesterday and revealed it has already closed a series A and a corporate-backed series B round, TechCrunch reported yesterday.
In May 2015, Cohesity secured $55m for a series B round led by Artis Ventures and featuring Qualcomm Ventures, the corporate venturing arm of semiconductor technology company Qualcomm, as well as Google Ventures, the corporate venturing unit of internet company Google.
Battery Ventures and Trinity Ventures also contributed to the series B round.
In 2013, Sequoia Capital led a $15m series A round.
Founded in 2013, Cohesity’s technology facilitates secondary data storage – the files that an organisation collects and may use for analytics or backups but which are generally difficult to gain value from due to fragmentation across different services.
Cohesity enables companies to store all of that secondary data on a single platform which deduplicates files and makes the data easy to analyse through an in-built analytics service.
Mohit Aron, chief executive of Cohesity, said: “The majority of an organisation’s data is spread out over many different products, and we recognised the need to converge these together for a more efficient approach.
“To date, this had not been done because building an architecture that scales to support this volume of data with good performance and resiliency for live data usage was technically very challenging.
“The Cohesity Data Platform brings the innovation of a Google-like, scalable system with the right enterprise storage features to fundamentally change the way customers store and extract value from their data.”